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What happens when supply is totally elastic or totally

What happens when supply is totally elastic or totally inelastic, and a subsidy is given by the government: Will the producer change the amount of units he’s supplying to the market? And will the price received by the producer be reduced, or will the price paid by the consumer be reduced?

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Macroeconomics: What happens when supply is totally elastic or totally

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Solution Preview :

Prepared by a verified Expert

Macroeconomics: What happens when supply is totally elastic or totally

Reference No:- TGS0666061

Have a Question? (oR Write a Review)

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Solution Preview :

Prepared by a verified Expert

Macroeconomics: What happens when supply is totally elastic or totally

Reference No:- TGS0666061

Recent Questions Asked Macroeconomics

Q : Jonathan is riding a bicycle and encounters a hill of

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